The title was preceded by the words "Chopper Films Presents", a parody of Hammer Films, and the writing of the serial was credited to "Spike Milligan and a gentleman". The 'Gentleman' listed as the co-writer was Gerald Wiley, the pseudonym used by Ronnie Barker as a comedy writer. The story was originally conceived as a TV special for Peter Sellers, Harry Secombe & Spike Milligan, to be produced by Peter Eton, their old Goon Show producer. Plans for the project were cancelled due to Peter Sellers' Hollywood commitments. The Phantom finally saw the light of day in an episode of Six Dates with Barker, broadcast on 15 January 1971, with Alan Curtis playing the role of The Phantom. Despite some sources claiming that the voice providing the raspberry of the title was provided by Milligan, it was actually Barker's co-star from "Open All Hours", David Jason who was responsible for the sound effects. Jason confirmed this in his 2013 autobiography. One episode featured Ronnie Corbett as the diminutive yet domineering Queen Victoria and Barker as her browbeaten son "Edward, Prince of Wales" (in reality the future King Edward VII was known to his family as "Bertie"), which was a parody of the recent TV series starring Timothy West.

On August 7th 2015 it was announced that a stage version was being produced by The Ministry of Entertainment. This has been adapted by Lee Moone with new material and songs. The director is Dirk Maggs who has directed many Radio comedy shows for the BBC, including three series of the Marx Brothers radio show FLYWHEEL, SHYSTER & FLYWEEL, which won a Gold Medal at the New York Festival. Dirk has the distinction of being the last BBC Light Entertainment Producer to direct Spike Milligan in a radio audience show at the BBC's Paris Studio. The stage version of 'The Phantom Raspberry Blower of Old London Town', premiered at the St James Theatre in London on October 30 - November 1st 2015 with a special show for the Princes Trust, before embarking on a UK tour in 2016